Forum » Topic: Maddoff to sue Greece over 'stolen Ponzi idea'http://newsbiscuit.com/forum/topic.php?id=5280
The NewsBiscuit Communityen-USTue, 03 Mar 2015 22:54:22 +0000http://bbpress.org/?v=1.0.2qhttp://newsbiscuit.com/forum/search.php
Lost4Words on "Maddoff to sue Greece over 'stolen Ponzi idea'"http://newsbiscuit.com/forum/topic.php?id=5280#post-14444
Sat, 29 May 2010 00:23:34 +0000Lost4Words14444@http://newsbiscuit.com/forum/<p>Bernard Maddoff is filing a lawsuit against the State of Greece over their claimed theft of his 'patented' use of phoney iou notes in a wealth generating organisation built on debt alone, aka a Ponzi scheme. Maddoff's claim is against Greece's use of 'government bonds designed to mislead investors by suggesting that the State of Greece are working to pay them back'. Maddoff's infamous generation of faux contract notes were tantamount to the same suggestion, he claims. This suggestion was key to his Asset-Management-Pricing model and thus his patented marketing strategy.</p>
<p>The latest prospective investor to the State of Greece, the IMF, seems to be the latest in a long line of 'fooled' investors that Maddoff believes he would have 'sunk in a snip', if he wasn't in prison. The IMF defends its position as investor by stating 'sympathy' and 'fond memories of Greek Classical education that it can show off to its mates about' as its reason for investing. It expanded that it's not interested in any of those 'Wall Street get-rich-quick schemes' and feels it has opted to invest in some nice Greek stories instead, particularly 'that one about the clouds'.</p>
<p>Greece has so far declined to comment and is holding conference in Delphi with a view to receiving wisdom over how to handle the allegations.
</p>